Funding
OutSmart Power Systems, manufacturers of the first cost-effective solution for monitoring electrical usage at the circuit-level, today announced $1.5 million in new funding from private venture investors to support continued product development and commercialization efforts. “We are delighted to announce the closing of this investment round,” said Kevin Johnson, CEO and Founder of OutSmart Power Systems. “We believe our technology fills an important gap in energy efficiency and this financing will allow us to grow our customer base, expand distribution through strategic partners and further enhance the OutSmart technology.”
Egenera, a pioneer in physical, virtual and cloud management and automation, today announced the acquisition of Fort Technologies, a cloud lifecycle software provider based in Dublin, Ireland. The acquisition enables Egenera to bring Fort’s innovative management capabilities to its PAN Cloud Director software providing customers a means to design and deliver enterprise-class cloud services. The deal also expands Egenera’s sales footprint, partner network and customer base in EMEA. The Fort Technologies personnel have been fully integrated into Egenera’s Cloud Products Group and Fort’s CEO, Gerry Murray, will head Egenera’s EMEA operations.
As reported by Scott Kirsner, Belmont Technologies has raised $9M in funding from North Bridge Venture Partners and Commonwealth Capital. The company's founders include Jon Hirschtick (Founder of SolidWorks) and John McEleney (former SolidWorks CEO). The details of the company's product are still in stealth mode, but per Scott's post, they are working on developing a fresh take on product design in the era of cloud computing.
Adelphic Mobile, developers of an innovative mobile advertising platform that enables brands to target their mobile customers with relevant ads, announced today that it has received a $10 million investment. The investment was led by Google Ventures with participation from original investor Matrix Partners. As part of the new investment, Rich Miner of Google Ventures has joined Adelphic’s board of directors. The new funds will be used to accelerate product development and scale the company.
As reported by TechCrunch, TrueLens has raisesd $1.2M in funding. The funding round was led by Google Ventures,
with funding from Charles River Ventures, Common Angels, 500 Startups,
and Boston Seed, and from angel investors, including HubSpot CTO
Dharmesh Shah, Tremor SVP Waikit Lau, InfoChimps co-founder Nick Ducoff,
and John Simon, former board member at BzzAgent and m-Qube.
TrueLens is a division of SocMetrics and their technology helps brands understand high-value truths about their business by
empowering them to address the human side of their customers: their
interests, expressions, desires and preferences.
As per SEC filings, Innoveer Soultions in Boston, MA has raised $2.7M in funding. Innoveer is dedicated to delivering rapid, cost-effective and successful CRM programs to a variety of companies.
As per SEC filings, CareerNumbers in Boston, MA has raised $1.1M in funding. CareerNumbers provides career benchmarking service to sales professionals, enabling them to anonymously benchmark their career numbers to groups of their colleagues.
As reported by the Boston Business Journal, Tokutek in Lexington, MA has raised $1.54M in new funding. Tokutek’s mission is to transform the way data is stored and retrieved and deliver a quantum leap in the performance of databases and file systems.
PowerInbox, a provider of email technology that enables live content
to operate directly within the body of your email, announced that it has
merged with ActivePath, a leading provider of interactive email
technology within the enterprise space. PowerInbox is based in
Cambridge, Ma, and ActivePath is based in New York, with offices in Tel
Aviv, Israel. The merger of the two companies brings together
complementary skillsets — ActivePath has a large installed base and
extensive experience within the enterprise space, while PowerInbox
enjoys a strong product and brand loyalty within the consumer space.
The combined entity will have $10 million in funding from Atlas
Venture, Longworth Venture Partners, Battery Ventures, Genesis Partners,
GIMV NV and Correlation Ventures. ActivePath CEO, Jeff Kupietzky, will
serve as CEO of PowerInbox, while Aryeh Mergi, founder of msystems
(acquired by SanDisk for $1.5B), will serve as Chairman of the Board.
PowerInbox founders, Matt Thazhmon, Dileep Thazhmon and Lance Jackson,
will continue in management, with a focus on product development and
innovation in email. Email is a large and growing market — $27.5B is
spent on email yearly and this is projected to grow at 18.5% annually.
In addition, less than 1% of the 145 billion emails sent daily are acted
upon providing a huge opportunity for improvement.
As per SEC filings, Fancred in Brookline, MA has raised $500K in funding. Fancred is a social sports app that connects friends who want to talk sports.
Nantero, Inc., the nanotechnology company pioneering the use of carbon nanotubes in the development of next-generation semiconductor devices, today announced the closing of an over $10 million Series D financing round. The oversubscribed round was led by two new strategic corporate investors currently engaged in strategic development and partnerships with Nantero. The round also includes existing investors, including Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners and Harris & Harris Group. This latest round of funding comes at a significant juncture as the company transitions from development to commercialization of its next-generation memory, NRAM™, and licensees begin to bring Nantero’s technology to market.
Rocket Software, Inc. today announced that it has acquired Sirius Software, the leading provider of application, interoperability, management, and life cycle software for Rocket M204, our high-performance database offering. Sirius has been a close and strategic partner with M204 for many years. The Sirius team, based in Cambridge, Mass., has joined the global organization of more than 1,000 Rocketeers and is now part of the Rocket M204 business area.
As per SEC filings, Getabl in Boston, which powers Pingup has raised $4M in funding. Pingup is a enables consumer to business text-based communication.
We are thrilled to announce that we will be concluding what has been an incredible year of growth for Ginger.io by welcoming Vinod Khosla and his team at Khosla Ventures to the Ginger.io family. We are delighted to announce our $6.5M Series A funding round led by KV. Seed investors True Ventures and Romulus Capital also participated in the round.
Raising a round of financing is a very important decision for any company, and we spent a lot of time thinking if and why this was appropriate. Given our company focus on keeping populations healthy, the incredible client partnerships we’ve built, and the advancements in healthcare reform, we had the opportunity to grow in a way that would allow us to achieve both business and mission-driven goals. Over the next year, we’ll be using the new capital to scale our team, improve our product, and support existing and new partners.
Acquia®, the enterprise guide to Drupal, today announced it has completed a $30 million financing round, bringing total investment in the company to $68.5 million. Led by new investor Investor Growth Capital, the round includes Goldman Sachs and Accolade Partners, as well as all of Acquia’s current investors, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital. Jose Suarez from Investor Growth Capital has also joined Acquia’s Board of Directors.
The new financing round will enable Acquia to accelerate its sales and marketing efforts, and continue its international expansion across Europe and Asia Pacific. Additionally, the funding will amplify Acquia’s efforts to bring unified content, community and commerce solutions to market, helping digital marketing and IT organizations create and deploy content-rich, multi-channel web experiences.
As per their company blog, Lookout Gaming has raised $1.3M in seed funding from Atlas Venture, NextView Ventures and gaming industry veterans Mark Jung and Jeff Natland. Lookout Gaming is a stealth mode startup that is changing the world of mobile gaming forever. We're creating a totally new kind of gameplay for gamers and unlocking new revenue streams for developers that will dwarf those coming from today’s archaic banner ads.
As per SEC filings, ownCloud in Lexington, MA has raised $2.5M in funding. ownCloud is the company behind the ownCloud project – the most downloaded open source project for data and file sync, share and view. ownCloud enables businesses to host their own, on premises or remote, cloud storage while maintaining regulatory and compliance needs.
As per SEC filings, Swoop in Cambridge, MA has raised $3M in funding. Swoop is a Native Advertising service that seamlessly integrates relevant information about products and services – at times in the form of sponsored content or advertising – into the content that consumers are engaged with online.
EarlySense Ltd., the market leader in proactive patient care solutions, announced today that it has completed a $15 million E financing round led by Pitango Venture Capital. Existing investors that participated include JK&B, ProSeed VC Fund, Docor International Management and Bridge Investment Fund. EarlySense plans to use the financing to accelerate sales, further develop its contact-free, patient monitoring solutions, and to expand clinical research.
As per SEC filings, Cognitive Electronics in Lebanon, NH has raised $3.4M in funding. Cognitive Electronics' proprietary technology runs existing Big Data analytics applications in finance, defense, cybersecurity, analytics, oil and gas, media, and more, with dramatically increased performance per watt, per square foot, and per dollar.
Activate Networks, Inc., the leading provider of network analytics for business, is pleased to announce that it has closed a $10 million Series B financing round led by Reed Elsevier Ventures, along with existing investor Excel Venture Management, and new investor Premier healthcare alliance. Activate Networks enables its clients to leverage their own customer networks to improve sales performance and to optimize their internal networks to build more effective and resilient organizations.
Per Scott Kirsner's Innovation Economy blog, Cignifi in Cambridge, MA has raised $1.5M in funding led by Omidyar Network. Cignifi is revolutionizing the way financial service companies meet the needs of an estimated 2.7 billion people worldwide with a mobile phone but no access to formal financial services. Cignifi has the first proven credit scoring solution capable of closing this gap.
Spindle in Boston, MA has raised $2.3M in funding. Investors in Spindle include Polaris Venture Partners, Atlas Venture, Greylock Partners, Lerer Ventures, SV Angel, Broad Beach Ventures, Project 11, Ray Ozzie, and Raman Narayanan. Spindle is building products that weave the online social world together with the world around you.
Arcadia Solutions, LLC (“Arcadia” or “the company”), a leading provider of data-driven Health IT services, and Ferrer Freeman & Company LLC (“FFC”), a private equity firm focused on growth capital investments in the healthcare industry, today announced the acquisition of Arcadia by an FFC managed fund and the Arcadia senior management team. Terms of the deal were not disclosed.
Founded in 2002, Arcadia delivers services and proprietary software to large healthcare providers, payors, accountable care organizations and health information exchanges. The company’s solutions enable the successful implementation and optimization of electronic health records (EHRs) in its customers’ ambulatory physician settings and allow customers to analyze and report clinical data. In partnership with Arcadia, customers are empowered to make better clinical and financial decisions and lower the total cost of care.
As per PandoDaily, CoachUp in Boston, MA has raised $2.2M in funding from General Catalyst. CoachUp helps athletes achieve their full potential by connecting them with great private coaches. They recently graduated from the TechStars Boston accelerator program.
Affirmed Networks today emerged from stealth mode to announce the
availability of its currently-deployable AN3000 solution. The AN3000’s
disruptive architecture is poised to significantly transform mobile data
networks. Operators can dramatically simplify their network deployments
allowing them to manage cost and scale. Using Affirmed’s industry first,
service orchestration technology, operators can serve user needs with
advanced services and thereby enhance revenue. This currently-deployable
platform is poised to significantly advance the state of mobile data
networks with value-added services that can be created, maintained and
monetized at the pace of the Internet with Affirmed’s unique service
orchestration capability.
Affirmed Networks is backed by the top venture capital firms Matrix
Partners, Charles River Ventures, Lightspeed Venture Partners, and two
strategic investors T-Venture and Vodafone Ventures. The AN3000 enables
operators to manage both subscribers and advanced services in an
industry-leading solution that bundles gateway functions with rich
application and content delivery services.
HapYak in Waltham, MA has raised $850K in funding, which was led by Kepha Partners with participation from CommonAngels of Boston and angel investor Tom Burgess. HapYak is a social video platform that allows users to add drawing and comments to videos.
As per SEC filings, Hadapt in Cambridge, MA has raised $6.7M in funding. Hadapt has developed the industry's only Big Data analytic platform natively integrating SQL with Apache Hadoop. The unification of these traditionally segregated platforms enables customers to analyze all of their data (structured, semi-structured and unstructured) in a single platform – no connectors, complexities, or rigid structure.
Intronis, Inc., the leading
provider of world-class cloud backup solutions for the IT channel, today
announced the company received $12 million in funding led by new
investor, Greenspring Associates, with participation from OpenView
Venture Partners and the company’s executive management team.
Interim CEO Jay Bolgatz said Intronis will use the funding to hire
additional associates, drive greater technology innovation and expand
the company’s market reach in the U.S. and abroad. “This is a tremendous
opportunity for Intronis to build on the success of our technology and
further support our channel partners with the industry’s leading cloud
backup and recovery solution and support,” explained Bolgatz.
As per SEC filings, RedPoint in Wellesley Hills, MA has raised $6.5M in funding. RedPoint provides a Convergent Marketing Platform™ enabling clients to optimize customer experience. RedPoint is the first in the industry to provide a fully integrated, end to end marketing platform that spans raw data through delivered message.